Carrefour Brazil to acquire 30 Makro stores

Date : 18 February 2020

Oliver Butterworth

Senior Retail Analyst

Carrefour Brazil has reached an agreement to acquire 30 cash and carry stores from Makro’s Brazilian subsidiary. The transaction, which must still be approved by the domestic antitrust watchdog CADE is valued at BRL1.95 bn (US$450m). The move, which Alexandre Bompard (Carrefour Group’s chairman…
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